EXIT Preferred Realty
2615 Augustine Herman Hwy.
Chesapeake City, MD 21915
Office: 410-398-9000

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Thanks for Everything Susan & Steve! As we sit in our chairs enjoying the sun, We truly appreciate all you have done. Each weekend we arrive, and as we leave, We will always remember Susan and Steve. We Searched a long time... Many Hours with you, Our Elkton Waterfront Home is Truly, a "Dream Come True"! Tom & Marie P. Testimonial for Susan and Steve Hubbell Bay Property Team
Lori was excellent! As first time home buyers we were clueless about the whole process. Lori took the time to make sure we knew exactly what we were doing. Testimonial for Lori Sample
TESTIMONIAL FOR MICHELE BURCH Michele is one of those realtors you only dream of finding. As a first time home buyer who was new to the area I didn't have much to go on as far as finding a real estate agent, and it was only through a referral from my bank that I found Michele but boy did it pay off! From the start Michele was on top of everything, and was quick to respond to any question or concern I had, including responding to my initial contact email within 30 minutes of me first sending it. Then, even after I had chosen her as my agent she would make sure to respond to any question I had, one time as late as 10pm on a Friday night to answer a simple email question I had. She took me around to every house I wanted to see in both Cecil and Harford county even though I wasn't entire sure what I really wanted in the beginning, and by the end I ended up getting a house at 70% of the appraisal value, a fantastic deal! But as far as I am concerned the price negotiation really ended up the easy part. The house I bought ended up getting hit with a myriad of problems before I went to go settle, but Michele was there every step of the way to keep me in the loop with everything. In fact for six weeks she was making daily calls to 5 different parties making sure she kept the pressure on everyone to ensure I was able to keep such a great deal I got on the house. Even after I had given up hope of actually ever getting into the house Michele kept plugging away and was eventually to get everything wrapped up. There is no doubt that I will refer her to anyone I can, because as far as I am concerned there can't be a better real estate agent in Cecil or Kent Counties. Jonathan O'Dell
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Tom Cumpston

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410-879-0160 - Office

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EXIT Preferred Realty - Cecil County Blog

New Home Sales in March

Strong March for New Home Sales

BY  on  • 

Contracts for new home sales expanded by 5.8% in March, according to estimates from the joint data release of HUD and the Census Bureau. The growth in sales continues along a positive trend for the market, which is supported by solid job growth, improving household formations, continuing favorable housing affordability conditions, and tight existing home inventory.

The seasonally adjusted annual pace for March new single-family home sales was 621,000. The three-month moving average is currently at a post-recession high (598,000). The March rate is 5.8% better than February and a 15.6% gain over a year ago. The growth in March sales represented an upside surprise, given the good weather in February and poor weather conditions for significant parts of the nation in March.

Inventory growth continued in March. After hovering near 240,000 for most of 2016, inventory has now risen to 268,000 homes. The current months’ supply number stands at a healthy 5.2. Given tight existing inventory, more new homes are required to meet housing demand.

The most recent data also indicate a growing share of homes not-yet-started in builder inventory. For example, on a year-over-year basis, homes under construction in inventory have increased by 3.5% over the last year. Completed, ready-to-occupy homes (there are only 63,000) are up 7% since March 2016. In contrast, homes not-yet-started listed in inventory have increased 50%, from 38,000 in March of 2016 to 57,000 last month. This is consistent with growing housing demand.

Median new home sales price (price of the home in the middle of the distribution) rose to $315,100, consistent with inventory broadening. Average home price jumped to $388,200. There was surprising sales growth in the relatively small market of new homes priced $150,000 or below (6% of sales, up from 4% a year ago).

Regionally, there was strong sales growth in the Northeast (25.8%) and the West (16.7%). Flat or declining conditions were reported in the South (1.6%) and the Midwest (-4.5%) where snow and other weather factors had an impact.

Solid builder confidence and ongoing tight inventory conditions suggest continued growth for single-family construction in the months ahead. Pricing remains an open question, given rising construction prices and increasing interest rates. New homes will need to be competitively priced, even as prices for existing homes continue to grow. For this reason, we continue to expect a broadening of the new home inventory base and slight declines in median new home size. On the cost side, increases in lumber costs due to trade duties are yet another factor for builders to manage.


Wow! What a WATERFRONT!!! Beautiful sunset views. Renovated in 2015. Gotta see it to appreciate it. Two electric hoists at the pier, Flagstone patio, private beach, detached "boat house" storage shed. Contact Bill Standiford for more information!

Follow the link for the video of this beautiful dream home!

Bill Standiford
Broker, REALTOR®
Mobile Phone:     443-553-6726
Office Phone:      410-398-9000
E-mail: ExitBill@gmail.com

Text EXIT511 to 85377 for Bill's digital business card!

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EXIT Central & Preferred Realty Branch Offices 

Dover, DE Milford, DE Cecil County, MD Baltimore County, MD Harford County, MD Ann Arundel County, MD
EXIT Central Realty EXIT Central Realty EXIT Preferred Realty EXIT Preferred Realty EXIT Preferred Realty EXIT Preferred Realty
302.674.2900 302.424.8221 410.670.9100 410.670.9100 410.670.9100 410.768.0600
598 N. DuPont Hwy 615 N. DuPont Blvd 2615 Augustine Herman Hwy 8839 Belair Rd 2105 Laurel Bush Rd, #110 7164 E. Furnace Branch Rd, Ste D
Dover, DE 19901 Milford, DE 19963 Chesapeake City, MD 21915 Baltimore, MD 21236 Bel Air, MD 21015 Glen Burnie, MD 21060
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